The major Indian equity benchmarks started the day slightly up on firm cues from overseas markets, but caution prevailed due to political uncertainty in the country after the government failed to build a consensus on its draft resolution on Sri Lanka. Though, The US Federal Reserve yesterday maintained its commitment to a very accommodative monetary stance and the wrangling market nerves calmed on the back of Cyprus rejecting the terms of the European Union bailout. Even, better than expected manufacturing data from China did not enthuse the market. The benchmarks started drifting down again. This led the Sensex to trade near the level of 18848.8 i.e. down by 35.39 points & the Nifty to trade near the level of 5703.3 i.e. down by 8.90 points. The Midcap index and the small cap index are trading in red with the loss of one-third of a percentage point and four-tenth of a percentage point respectively. . On the sectoral front, the indices are trading mixed. Teck Index is trading as the largest gainer with the gains of half a percentage point. On the other hand, Auto Index is the biggest looser with the loss of nearly two percentage point. This is followed by Realty Index which is trading with the loss of nine-tenth of a percentage point.
Further, the market breadth is negatively placed as two stocks was seen advancing against three declining stocks.
Further, the market breadth is negatively placed as two stocks was seen advancing against three declining stocks.
No comments:
Post a Comment